CUNA Mutual Offers Financial Fitness to Retirement Plan Participants

CUNA Mutual Retirement Solutions introduced Financial Fitness, a new online program now available to all retirement plan participants.

The interactive program goes beyond simple education by featuring a financial fitness assessment and score, personalized curriculum based upon needs and preferences, game mechanics, and one-on-one support from an internal team of retirement consultants. It is available for all plan participants through CUNA Mutual Retirement Solutions’ BenefitsForYou website, and there is no cost to participants or plan sponsors.

The program was designed by Financial Fitness Group. Its proprietary Financial Fitness SCORE is research and academic-based, providing organizations with more than 20 million data points to benchmark participants’ aptitude, behavior, and confidence regarding personal finances. It was built to help individuals and organizations assess, benchmark and ultimately change the financial fitness of the American workforce.

“It’s unfortunate so many Americans are not saving enough to fund the type of retirement they’ve imagined,” says Paul Chong, senior vice president, CUNA Mutual Retirement Solutions. “As many of our participants indicated in our 2018 Participant Retirement Education Preferences Survey, it comes down to financial wellness issues. They’re looking for information to help them overcome obstacles and get their financial house in order, so they can save more for the long-term. Financial Fitness supports our corporate mission of helping people achieve financial security.”

The new Financial Fitness content was introduced to some early-users on BenefitsForYou in February. Analytics show the top three articles selected by users reflect core financial wellness topics: Budgeting Made Simple, Managing Your Debt, and Living within Your Means.